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New Owner Wants To Rescue Struggling Talbots

The private equity firm Sycamore Partners plans to turn around the 65-year-old retailer Talbots. Sycamore is buying the company for around 10 percent of the stock value five years ago.

Chesapeake Energy Drives Oklahoma City's Economy

Oklahoma City is enjoying a rebound. The city's pro basketball team is in the playoffs and the unemployment rate is one of the lowest in the country. But one of the city's leading companies, Chesapeake Energy, is in a tough spot because of falling natural gas prices. Local officials worry about what the fall of the company might mean to the Oklahoma capital.

Planned Parenthood Issue Haunts Komen's Races

Participation is down at some of the Susan G. Komen Race for the Cure events which raise money for breast cancer research and treatment. The foundation may be suffering from the fallout of its decision to stop funding Planned Parenthood programs. The decision was quickly reversed.

U.S. Experiences A Drop In Millionaires

The number of millionaire households in the U.S. declined in 2011, according to this year's Global Wealth Study from the Boston Consulting Group. It found the number of American households with a million dollars of investable assets shrunk by 2.5 percent.

Exxon Mobil Plans Huge Chemical Facility In Texas

The announcement reverses a company statement last year that said it had no plans for new chemical factories in the United States. According to Reuters, decades-low natural gas prices made the move too enticing to pass over.

Is Michigan Rebounding? Depends Who You Ask

The unemployment in Michigan is dropping as the auto industry rebounds, and the state has a budget surplus for the first time in many years. But many local leaders say they're not seeing a comeback. They believe state leaders are helping themselves — and the business community — at the expense of the well-being of cities.